Abstract:

Due to its necessity of analytical thinking and knowledge of business sciences, the accounting profession doesn’t require muscle strength but definitely requires a powerful brain. Also, due to the variety of clients and their industry and firm-specific specific expertise, the auditor doesn’t operate as a sole entity and requires a league of staff to continue the profession. On the other hand, the client may prefer not to work with the auditor and rotate the engagement auditor or the audit firm. This research was decided as a tool to present a detail about Turkish listed companies’ independent audit.Using a sample of 1,668 firm*year observations between 2005 and 2015, this research serves an insight to the audit characteristics of manufacturing companies listed on Borsa İstanbul. Descriptive statistics are presented as the opinion, audit firm type, engagement auditor gender, audit firm and engagement auditor rotations. Also using cross- variable analyses, relationship between “audit opinion and audit firm”, “audit firm and auditor gender” and “auditor gender and audit opinion” are presented. This research contributes to the accounting literature by providing a detailed perspective on the audit structure of an emerging market.

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